Discontinue IMF Programme

The Trade Union Congress (TUC) has advised government to cease working with the International Monetary Fund (IMF).

According to TUC, the IMF programme does not favour Ghanaian workers and therefore government should not work with IMF again when their current deal with the country ends.

The TUC General Secretary, Dr. Yaw Baah who was speaking at this year’s May Day Celebration in Kumasi said “The ongoing IMF programmes with the country should be the last”.

He urged government to rather make use of the numerous mineral resources to develop the country and create wealth for the people.

No More IMF

Meanwhile the President Akufo-Addo, says the completion of the 3-year IMF-supported Extended Credit Facility Programme will spur on Government to implement its own policies for improve the quality of lives of Ghanaians.

According to him, “the end of the programme means that we will have the space to design our own social and economic programmes, without jettisoning the fiscal discipline and proper economic management necessary to give entrepreneurs the predictability and stability to plan properly, invest boldly to grow their enterprises, and create jobs.”

President Akufo-Addo was speaking at the May Day celebration in Kumasi at the back of the news that Ghana has completed its 5th and 6th reviews of the IMF programme.

By: Akwasi Boakye